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Oct 29, 2012
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they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view on things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new book, the truth about opportunity, taes, and wealth in america. great to have you with us. >> great to be with you. can i say something? this is really the problem in washington. you know, and it's not just joe biden. these politicians can't tell the difference between a billion and a trillion. the the numbers are so big now, everybody's eyes glaze over. a trillion dollars, million million. all lot of zeros. lou: and you know what, we, like you, cover these big numbers all the time. and i can't blame anyone whose eyes glaze over on these numbers abstraction's beyond comprehension irrespective of who is speaking a
they voted to extend tax cuts for the wealthy giving $500 trillion tax cut so 120,000 families. lou: that's a lot of money. 500 trillion. you have to love the vice-president, his view on things and, his expression. for a little perspective, the national debt is 16 trillion. we'll just leave it there. my next guest says there is no case on economic grounds to raise taxes. joining me now, senior economic writer for the wall street journal, stephen moore, author of the new book, the truth about...
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Oct 29, 2012
10/12
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it is the concern thatwe will have higher taxes and taxes on sectors of the economy that have been important in creating growth. governor romney has talked a lot about small business. i think the president has proposed that, but there is an important point there, and that is that if you tax the top earners at 39% your hitting small businesses. when you talk about investment, when you talk about capital gains, you talk about dividends, taxation at ordinary income levels, you're talking about significant impediments to growth. that is how you create jobs in this country. we know it works. there is a historical record on the stuff. this is not just campaign rhetoric. if you look at the literature the studies this, and i looked at a party to marino that the policies it creates are low taxes, a good trade, cautious eye to regulation and a fiscal policy that is cautious in terms of creating a government structure that can grow the economy. gerri: we haven't done that. >> were not moving in that direction. gerri: quick last question. gdp numbers. if you back out government spending it is a little o
it is the concern thatwe will have higher taxes and taxes on sectors of the economy that have been important in creating growth. governor romney has talked a lot about small business. i think the president has proposed that, but there is an important point there, and that is that if you tax the top earners at 39% your hitting small businesses. when you talk about investment, when you talk about capital gains, you talk about dividends, taxation at ordinary income levels, you're talking about...
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Oct 27, 2012
10/12
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basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship thes jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs. we literally are, afer all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to belittle mitt romney and to say that that is what you're all about, this isn't about casting aspersions on democrats or republicans. if it was a potential i think people would have said, no way in hell. that's what's happening. >> it's a classic example. with all due respect, president obama i obviously doesn't understand how our multinational company works. there is a board of directors, exutes. they are responsible to shareholders to make wise decisions on how to run th operatiin. in fact, if there is a cheaper opportunity, a more effective opportunity, they are legally bound to m
basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship thes jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs. we literally are, afer all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but...
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Oct 28, 2012
10/12
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basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of th company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to belittle mitt romney and to say that that is what you're all about, this isn't about casting aspersions on democrats or republicans. if it was a potential i think people would have said, no wway in hell. that's what's happening. >> it's a classic example. with all due respect, president obamai obviously doesn't understand how our multinational company works. there is a board of directors, executives. they are responsible to shareholders to make wise decisions on how to run the operatiin. in fact, if there is a cheaper opportunity, a more effective opportunity, they are legally boun
basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of th company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons,...
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Oct 28, 2012
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rememr, we have this bizarre tax system that we started in the 19th century that taxes me as a company on money that i've made overseas twice. that makes no sense. 're the only coury in the modern world and the stone age that continues to do that. and we also happen to be the only country in the world where you can deduct mortgage interest from yourome. the only country in the world. canada, a few paces away from here has never done it, they have a muchealthier home system. and we also can't deduct-- excuse me, a business and a person who gets benefits, i don't get taxed on my benefits, that came from the 40's. we have to get into the 21st century and that would get companies to unleash this 2 1/2 trillion dollars in cash, that's sitting on the sidelines. >> brenda: well, gary b, you know, tobyas back in the 19th century and understands all of this from personal-- >> and it was a fine time. (laughter) >> and the points, that romney is going to have a lot of problems, kind of jonas alludes to, getting rid of a lot of these deductions. there's a lot of special interest, but it's the spec
rememr, we have this bizarre tax system that we started in the 19th century that taxes me as a company on money that i've made overseas twice. that makes no sense. 're the only coury in the modern world and the stone age that continues to do that. and we also happen to be the only country in the world where you can deduct mortgage interest from yourome. the only country in the world. canada, a few paces away from here has never done it, they have a muchealthier home system. and we also can't...
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Oct 27, 2012
10/12
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basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying yu want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to belittle mitt romney and to say that that is what you're all about, this isn't about casting aspersions on demrats or republicans. if it was a potential i think ople would have said, no way in hell. that's what's happening. >> it's a classic example. with all due respect, president obama i obviously doesn't understand how our multinational company works. there is a board of directors, executives. they are responsible to shareholders to make wise decisions on how to run the operatiin. in fact,if there is a cheaper opportunity, a more effective opportunity, they are legally bound to
basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying yu want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons,...
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Oct 28, 2012
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john: taxes not high enough. okay. >> what exactly makes you think that romney is going to provide3 this booming economy is you talk about? >> well, for one thing, he did in massachusetts. he attended with companies over and over again. he is exactly whahat the nation needs now. because, as you said, the government does not create jobs. we have trickle-down government. we need government to get out of the wake just to repeal obamacare, if nothing else happened. if romney diddnot do what i expected to do with the economy, simply to repeal obamacare is going to a -- >> yes. a cia operative told "washington post" editor philip gramm that journalists can be bought and paid for for less than the price of a call girl. mitch and $300 a month. you think fox news journalists or journalists in general are guilty of taking money from the government to push propaganda? do you think fox news is guity of taking money from the government? >> how did he come up with a call girl price? that's what i want to know. >> that they kee
john: taxes not high enough. okay. >> what exactly makes you think that romney is going to provide3 this booming economy is you talk about? >> well, for one thing, he did in massachusetts. he attended with companies over and over again. he is exactly whahat the nation needs now. because, as you said, the government does not create jobs. we have trickle-down government. we need government to get out of the wake just to repeal obamacare, if nothing else happened. if romney diddnot do...
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there is tax relief, how so? >> that is a question. in terms of tax relie there are questions as to whether the legislators were going to reach out and provide tax benefits for businesses that have been affected by the disaster. historically we have not seen that, but it is being discussed. gerri: free legal services to be available from fema. is that typical? >> it is. the federal government reaches out and tries to do what i can't help small businesses. that is available from the government, where you can get those types of services. gerri: the cdc will have some clean-up tips. is that on their website. >> absolutely. you can go to cdc and get those helpful tips as well. gerri: i know people tonight are sitting at home talking about what can i do, what can i do right now to help get this back up and running? uld you say to people who are looking for that disaster plan? >> you need to assess the damage, assess the damage i like to your existing business, ut project going forward with this will do to your local economy, particularly if
there is tax relief, how so? >> that is a question. in terms of tax relie there are questions as to whether the legislators were going to reach out and provide tax benefits for businesses that have been affected by the disaster. historically we have not seen that, but it is being discussed. gerri: free legal services to be available from fema. is that typical? >> it is. the federal government reaches out and tries to do what i can't help small businesses. that is available from the...
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Oct 27, 2012
10/12
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basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to belittle mitt romney and to say that that is what you're all about, this isn't about casting aspersions on democrats or republicans. if it was a potential i think people would have said, no way in hell. that's what's happening. >> it's a classic example. with all due respect, president obama i obviously doesn't understand how our multinational company works. there is a board of directors, executives. they are responsible to shareholders to make wise decisions on how to run the operatiin. in fact, if there is a cheaper opportunity, a more effective opportunity, they are legally bou
basically be part of that tax-free area, and so that third advantage is a big tax advantage. neil: but think about what your saying. all makes perfect business sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs. we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons,...
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Oct 28, 2012
10/12
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governor romney has suggested a tax reform proposal that lowers the rate of taxation but makes the tax code more efficient and simplifies it resulting in seven million new jobs the next 10 years. that is the choice. in ohio, they are choosing mitt romney and that is where the enthusiasm is. >>chris: one of you talked about the issue of women and the two campaigns have been battling for months overwhelm and the polls seem to indicate that, in fact, romney has succeeded to at least some degree depending on the poll in closing the scene december gap for women preferring obama over him. this week, indiana republican senate candidate talked about having no exceptions at all in the case of abortion. take a look. >> life is a gift from god. even when life begins in that horrible situation of rape, it is something that god intended to happen. >>chris: senator johnson, mitt romney disavowed the comments and he has tried to walk them back but it brings up the bigger question, why should a woman who believes freedom of choice when it comes to abortion, why should she vote for mitt romney who said
governor romney has suggested a tax reform proposal that lowers the rate of taxation but makes the tax code more efficient and simplifies it resulting in seven million new jobs the next 10 years. that is the choice. in ohio, they are choosing mitt romney and that is where the enthusiasm is. >>chris: one of you talked about the issue of women and the two campaigns have been battling for months overwhelm and the polls seem to indicate that, in fact, romney has succeeded to at least some...
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Oct 28, 2012
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good point, but in order to fix it people are going to have to give up something, whetr it's some tax break, whether it's spending on certain things that they love, when is the day going to arrive that people are willing to d that? maybe it is this year, i thought it was two years ago, that there would be something different and frankly, even with a lot of the the tea party candidates moving in, we dn't see that much movement when trying to fix our financial situation in d.c. >> ben stein? >> well, because we-- people aren't willi to raise taxes there's not enough to cut, there's a discretionary funding. and a huge majority of these expenditures are fixed by law or flew defense we absolutely need. i think a bigger question, why are these foreigners especially very clever, extremely well-versed foreigners willing to buy some of our debt and must see some value that maybe we're too modest and self-efacing to see ourselves. obviously, this country has tremendous value to the rest of the world. >> neil: you're right. thmodesty is what i've always liked about myself. (laughter) >> you know
good point, but in order to fix it people are going to have to give up something, whetr it's some tax break, whether it's spending on certain things that they love, when is the day going to arrive that people are willing to d that? maybe it is this year, i thought it was two years ago, that there would be something different and frankly, even with a lot of the the tea party candidates moving in, we dn't see that much movement when trying to fix our financial situation in d.c. >> ben...
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Oct 27, 2012
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basically be part of that tax-fr area, and so that third advantage is a big tax advaage. neil: but think about what your saying. all makes perfect usiness sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to belittle mitt romney and to say that that is what you're all about, this isn't about casting aspersions on democrats or republicans. if it was a potential i think people would have said, no way in hell. that's what's happening. >> it's a classic example. with all due respect, president obama i obviously doesn't understand how our multinational company works. there is a board of directors, executives. they are responsible to shareholders to make wise decisions on how to run the operatiin. in fact, if there is a cheaper opportunity, a more effective opportunity, they are legally bound
basically be part of that tax-fr area, and so that third advantage is a big tax advaage. neil: but think about what your saying. all makes perfect usiness sense, but the president in all of these debates with mitt romney has been saying you want to ship these jobs of the china. here we have bailed out of the company's who we were told, you get this money, save american jobs we literally are, after all of that, shipping those jobs to china. maybe the right and apparent big macro reasons, but to...
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disaster relief effort, one of the pre-show entertainer's a little while ago encouraged the audience to tax that red cross number and raise a thousand dollars. a guesstimate that it was considerably more. lots of people responded. that has been what he has been doing for the last day in a half, but the campaign resumed its rhetoric. romney did not mention obama by name. lots of advocacy for the romney agenda conto million jobs. more energy production. education, cracking down on chinese trade in championing small businesses. there is no question about it. the romney campaign held a teleconference today with reports to say that they are just where they had always hoped it would be in the closing days of this campaign. in a statistical tie knocking on the door and able to win. they still can win but is not at all by any means a certainty. a scare tactic when republicans that they think their vote doesn't matter they could be wrong in the need to get to the polls. with that said, some concern in the polls for the campaign. then seen in the seven surveys in the last two days, of ohio that shows
disaster relief effort, one of the pre-show entertainer's a little while ago encouraged the audience to tax that red cross number and raise a thousand dollars. a guesstimate that it was considerably more. lots of people responded. that has been what he has been doing for the last day in a half, but the campaign resumed its rhetoric. romney did not mention obama by name. lots of advocacy for the romney agenda conto million jobs. more energy production. education, cracking down on chinese trade...
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.$3 billion of federal income tax. 8.65 billion of taxes but the total bill over $24 billion. 2.5 times more than what it kept and profits. the treasury market caution ahead of the unemployment report with the yield rising at 1.7%. the stock market back in business after hurricane sandy. the victory lap that bot candidates took yesterday may have been far too early especially new jersey and new york struggling to restore power. working hard to get recovery efforts they would like help but essential services, food shortages, polluted drinking water. the pictures of themselves slapping each other on the back is not appreciated by those who have yet to see any evidence of what they are deprived of. the death toll has risen at 88 homes and businesses remain without power. yorkers have some relief as some sections of the subway system resumed but commuters are still struggling with limited service. automobile travel still a nightmare the major tunnels are still closed the airports are operating at reduced capacity. with those hardest hit areas limited by supplies and and no electrical power.
.$3 billion of federal income tax. 8.65 billion of taxes but the total bill over $24 billion. 2.5 times more than what it kept and profits. the treasury market caution ahead of the unemployment report with the yield rising at 1.7%. the stock market back in business after hurricane sandy. the victory lap that bot candidates took yesterday may have been far too early especially new jersey and new york struggling to restore power. working hard to get recovery efforts they would like help but...
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Oct 28, 2012
10/12
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patriotic to pay more taxes, i love what arthur godfrey said. he was proud to be a tax paying american and he could be just as proud for half of the money. it is not a matter of patriotism for the government to take more and more of what we earn and redistribute it not so much to people who are absolutely desperate and in need. but just to people who kind of like to have what somebody else had. there is no patriotism in that. it is working hard and not expecting our government to do something for us and expecting us to do something for our government. there was a democrat named john f. kennedy. he had it right. ask not what your country can do for you. ask what you can do for your country. the way i was brought up. democrat or republican. that was patriotism. the obama late night talk show mirn tour continued this week the president was on jay leno. >> you know, i was fine with up until about 7th grade. and then malea is a fresh man in high school and i am pretty lost. >> yeah, i know >> it is it tough and fortunatelygreat stud. and you know, if
patriotic to pay more taxes, i love what arthur godfrey said. he was proud to be a tax paying american and he could be just as proud for half of the money. it is not a matter of patriotism for the government to take more and more of what we earn and redistribute it not so much to people who are absolutely desperate and in need. but just to people who kind of like to have what somebody else had. there is no patriotism in that. it is working hard and not expecting our government to do something...
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Nov 2, 2012
11/12
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i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can outperform in a rising interest rate environment-- which is another thing we're worried about-- longer term makes some sense. >> tom: so rising interest rate environment, possibly higher inflation, higher taxes. not exactly the most shiny of forecasts for investors. >> well, there is something you can do about it. you can avoid that tax drag by maximizing your investments in qualified plans. you can keep up with modest inflation by making sure you have your asset allocation mix right. inflation really picks the pocket of the bond investor, but dividend paying stocks and dividends of the markets can keep up with a mo
i think because we're starting at such a low level of tax rates, we're very likely to have higher taxes either immediately with the expiration of the payroll tax and potentially on capital gains and dividends in 2013 and beyond. >> tom: how should invests approach that, invest on what tax rates may be next year? >> not really. but there are great costs to be avoided by lessening the tax drag on your investment. positioning your portfolio and making sure you're in sthooks can...
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in fact, what they're doing in france to try to make things right is, well, let's take the top tax rate to 75 percent and you have a fine business mind like yourself. what i'm asking to where is the middle ground? what do you do to get this under control? >> obviously we have to get through this election. as the fed has said and as most independent economists say, we have some momentum behind the economy. you know m favorite industry, actually the reason that i am such a big fan of barack obama's the restructuring that he put in place was exactly the right thing. the europeans did not restrucre their industry. $65.70%. neil: of baker i was originally sold. it finally went through that plants would be shattered. it would be really a painful bankruptcy, albeit one backed up by the taxpayers. a lot of folks would not have gone along with that. they did ultimately, but the details, the troubles and painful details can later. >> one of the things you know, neil, you remember what it was like in january 2009. no one had any idea what was happening. all of us in the auto industry were looking
in fact, what they're doing in france to try to make things right is, well, let's take the top tax rate to 75 percent and you have a fine business mind like yourself. what i'm asking to where is the middle ground? what do you do to get this under control? >> obviously we have to get through this election. as the fed has said and as most independent economists say, we have some momentum behind the economy. you know m favorite industry, actually the reason that i am such a big fan of barack...
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Oct 27, 2012
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it's to raise their taxes. i won't raise taxes on small business and i'll cut taxes on middle income americans. [applause] >> the president plans to smother small business with more regulation. you see, regulations are able to be dealt with by large corporations that have dozens of lawyers and they can implement all these big regulatory changes, but small business gets crushed by the regulations. so we're going to go through and strip out those that have been put in during the obama years and put a stop on this regulatory creep that's killing jobs. [applause] >> and of course if you really want to help small business, you got to take away the big cloud scaring away job creators and you have to get rid of obama karr and we'll repeal it. now, those are the five things we'll do to get this economy going. but in order for those things to happen, we've got to do something that doesn't happen very often in washington. and that is paul ryan and i are going to have to do what we have done before, which is reach across
it's to raise their taxes. i won't raise taxes on small business and i'll cut taxes on middle income americans. [applause] >> the president plans to smother small business with more regulation. you see, regulations are able to be dealt with by large corporations that have dozens of lawyers and they can implement all these big regulatory changes, but small business gets crushed by the regulations. so we're going to go through and strip out those that have been put in during the obama years...
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in fact, what they're doing in france to try to make things right is, well, let's take the top tax rate to 75 percent and you have a fine business mind like yourself. what i'm asking to where is the middle ground? what do you do to get this under control? >> obviously we have to get through this election. as the fed has said and as mos indendent economists say, we have some momentum behind the economy. you know my favorite industry, actually the reason that i am such a big fan of barack obama's the restructuring that he put in place was exactly the right thing. the europeans did not restructure their industry. $65.70%. neil: of baker it was originally sold. it finally went through that plants would be shattered. it would be really a painful bankruptcy, albeit one backed up by the taxpayers. a lot of folks would not have gone along with that. they didltimately, but the details, the troubles and painful details can later. >> one of the things you know, neil, you remember what it was like in january 2009. no one had any idea what was happening. all of us in the auto industry were looking a
in fact, what they're doing in france to try to make things right is, well, let's take the top tax rate to 75 percent and you have a fine business mind like yourself. what i'm asking to where is the middle ground? what do you do to get this under control? >> obviously we have to get through this election. as the fed has said and as mos indendent economists say, we have some momentum behind the economy. you know my favorite industry, actually the reason that i am such a big fan of barack...
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Nov 3, 2012
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build it there, pay those taxes and you never have to pay a penny in tax in the profit you make when you bring them back home. why would anybody build -- why would anybody build a factory here? ladies and gentlemen, the experts point out, that new territorial tax will create 800,000 jobs. all of them abroad. i'm not making up, all of them abroad. 800,000. i found it fascinating at their convention when governor romney said the first thing i will do when i'm elected president, i will take a jobs tour. it's going to have to be a foreign trip. >> joining me now ezra klein and eugene robinson. it was a strong week for the conspiracy theorists about the unemployment numbers. first the theory was that the president would use hurricane sandy and its effects possibly on washington, d.c. as an excuse for delaying the jobs report until after the election. and then of course as of yesterday when they knew it was coming out, they were absolutely convinced that they would cook the books. and so we saw an up tick of .1%. >> it's a reverse psychology ploy that the obama folks are trying but it won'
build it there, pay those taxes and you never have to pay a penny in tax in the profit you make when you bring them back home. why would anybody build -- why would anybody build a factory here? ladies and gentlemen, the experts point out, that new territorial tax will create 800,000 jobs. all of them abroad. i'm not making up, all of them abroad. 800,000. i found it fascinating at their convention when governor romney said the first thing i will do when i'm elected president, i will take a jobs...
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Nov 2, 2012
11/12
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and the tax return questions i guess, he is probably not going to get from the sportscaster. >> it is the place to go. it is the place where you can have a simulation of an inner view without getting any of the questions. when you build a campaign on distraction it becomes more difficult. it is not new that the politicians try to control the encounters. what we have learned though, he does it more often with more severity than anyone else. there is a pool and that is a group of reporters that go to everything. and they issue pool reports as you well know from your time in politics. mitt romney tried to cut reporters in the pool out of covering his fundraisers. there was such disastrous push back from the press that they had to walk that back. what was that about? it was weird. no republican had tried to do that. now, when they see the types of things that they said. it is wrong. >> the big baug dog at fox news is upset. he agrees with romney on every issue. let's listen to o'reilly complaining about it. >> mitt romney has a story to tell. in my oh pip. he has a story to tell. but i th
and the tax return questions i guess, he is probably not going to get from the sportscaster. >> it is the place to go. it is the place where you can have a simulation of an inner view without getting any of the questions. when you build a campaign on distraction it becomes more difficult. it is not new that the politicians try to control the encounters. what we have learned though, he does it more often with more severity than anyone else. there is a pool and that is a group of reporters...
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Oct 30, 2012
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you want to break through that, sure, we have to solve all kinds of tax issues. all i want to say is, don't under estimate the american spirit. you heard chuck schumer say they are going to rebuild. i love that. >> we love your optimism larry. >> we are going to be okay this is america. >> larry dkudlow. >> we know you all miss him. coming up next we will tell you how they plan to do it and we will be back with more on this cnbc special report. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving
you want to break through that, sure, we have to solve all kinds of tax issues. all i want to say is, don't under estimate the american spirit. you heard chuck schumer say they are going to rebuild. i love that. >> we love your optimism larry. >> we are going to be okay this is america. >> larry dkudlow. >> we know you all miss him. coming up next we will tell you how they plan to do it and we will be back with more on this cnbc special report. when you take a closer...
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Oct 31, 2012
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do we need to go in a different direction, we started our different direct here two years ago, not taxing our people more, spending within our means, not beyond. other republican governors that were elected in 2010 with me have been doing the same thing across the country. neil: that would be a kick, though, right, if turns out where, president maiden roads, -- inroads, a lot of swing states, many but not all, all republican governors. it is more than coincidental, is it not? >> i think it is, it is the vast majority of republican governors that have been able to turn this, in those areas the economy is growing, we would like to see it to know to grow, we could we need a leadership change at the top. neil: you think, that governor romney is wasting his time, as much as you love your state, he love our state, campaigning there. it would still be an uphill battle this win? >> no, neil, i think we've encouraged governor romney to come to pennsylvania, we believe it is much closer looking at polling done by statehouse and senate. this is a different election than 4 years ago. and i think he c
do we need to go in a different direction, we started our different direct here two years ago, not taxing our people more, spending within our means, not beyond. other republican governors that were elected in 2010 with me have been doing the same thing across the country. neil: that would be a kick, though, right, if turns out where, president maiden roads, -- inroads, a lot of swing states, many but not all, all republican governors. it is more than coincidental, is it not? >> i think...
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this time he zero in on taxes in massachusetts. and a bither joke thrown it. >> there were higher fees for gas. there were higher gas for milk and higher fees for blund people who neepeded to get a certificate that they were blind . he raised feas for a birth certificate which would have been expensive for me. and the romney camp is pushing back and said the feas were raised to balance the state budget and as governor he cut other taxes. and the romney camp is angry about the birther things and rolling stone mag wreen where the president used profanity to describe romney. this is it a snaul campaign and instead of the president doing uplifting ret ruck. respiratory new hampshire is a small state but beautiful. and the president is going there close to the election. is the alabama -- obama campaign nervous. >> it sounds like. only four electorial. romney campaign has them on defense. and obama camp said they are in a strong position in ohio where he's been up and they think he can come to the smaller ones and build a fire wall. we s
this time he zero in on taxes in massachusetts. and a bither joke thrown it. >> there were higher fees for gas. there were higher gas for milk and higher fees for blund people who neepeded to get a certificate that they were blind . he raised feas for a birth certificate which would have been expensive for me. and the romney camp is pushing back and said the feas were raised to balance the state budget and as governor he cut other taxes. and the romney camp is angry about the birther...
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only higher taxes on capital as well as on labor. that's a bad mix. >> so that's the answer that the republicans are putting forward. fiscal and government restraint will kick up your gdp growth to the extent you'll create more jobs. ken, do you buy that? >> well, i -- looks to me like their plan is to cut taxes. you hope you get really fast growth. i think the deficit would go up a lot for a while. we would get growth. but i'm not sure it would be anything like we saw under reagan. there is so much debt out there. there is so many headwinds. there's europe, the a administration would do less on cutting taxes if at all and probably raise spending. that's really where the difference is between the two. one of them wants a smaller government. one of them sees the government doing more things. that's a big difference. >> you know more than i do. quick answer, do you think either of them will get the 12 million jobs in four years that they're promising? >> it would be a very good outcome. i think it's a long shot, frankly. >> your answer
only higher taxes on capital as well as on labor. that's a bad mix. >> so that's the answer that the republicans are putting forward. fiscal and government restraint will kick up your gdp growth to the extent you'll create more jobs. ken, do you buy that? >> well, i -- looks to me like their plan is to cut taxes. you hope you get really fast growth. i think the deficit would go up a lot for a while. we would get growth. but i'm not sure it would be anything like we saw under reagan....
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Nov 4, 2012
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you want to cut taxes $5 trillion more than he wants to cut taxes. and you've only identified about a trillion dollars worth of tax deductions on companies that you want to repeal to lower the corporate income tax. that's president obama's idea. but that leaves $6.5 trillion. even if you fill it, you want to produce the long-term dealt. how are you doing to do that? see me about that after the election. >> he has no budget. i want to vote for the president who has a budget, who has a plan that will produce broad-based posterity. i want to vote for a president who's been a good commander in chief and a good decider in chief. and i want to vote for a president who's been through the fire of these last four years and brought america out on the other side ready to take off. and, lastly, just remember this. you know, gov fernor romney has promised us 12 million jobs. you all remember that? he says by just electing me, people will be so elated that you're going to get 12 million jobs. now, i'm sure it was just an oversight. or, as the president has told us
you want to cut taxes $5 trillion more than he wants to cut taxes. and you've only identified about a trillion dollars worth of tax deductions on companies that you want to repeal to lower the corporate income tax. that's president obama's idea. but that leaves $6.5 trillion. even if you fill it, you want to produce the long-term dealt. how are you doing to do that? see me about that after the election. >> he has no budget. i want to vote for the president who has a budget, who has a plan...
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Oct 31, 2012
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something to consider as californians get ready to vote on of $50 billion tax hike next week. the coast guard continues to search the atlantic ocean for the captain of the hms bounty, a replica of the 18th-century tall ship that sank during hurricane sandy of the north carolina coast yesterday. the coast guard able to rescue 14 of the 16 people aboard, remember it was unresponsive from the water was later declared dead. they're holding out hope that the ship's 63-year-old captain has survived the tragedy. up next, both candid it's scrapping their campaign schedules to concentrate on the hurricane sandy relief effort. the "a-team" will break down the political implications for both. we are joined by ed rollins, judy miller, doug shown. they are next. talk about a "a-team." i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps
something to consider as californians get ready to vote on of $50 billion tax hike next week. the coast guard continues to search the atlantic ocean for the captain of the hms bounty, a replica of the 18th-century tall ship that sank during hurricane sandy of the north carolina coast yesterday. the coast guard able to rescue 14 of the 16 people aboard, remember it was unresponsive from the water was later declared dead. they're holding out hope that the ship's 63-year-old captain has survived...
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governor saying he signed an exeutive order waiving a requirement that fuel tankers register and pay taxes before unloading insisting his order we will help get gasoline to consumers faster. it is estimated that two-thirds of gasoline stations in new jersey and new york are not in business right now. however, it is little comfort for people stuck for long hours in lng lines to with no guarantee that they will get gas at the end of that line. but some people, at leassome are beginning to dry. this is a very serious and frustrating matter for literally millions of people in this region. turning now to benghazi, almost two months after the terrorist attack that killed four americans, the cia has released a new timeline, a timeline of its actions suggesting it played a larger role in trying to save those four americans. myext guest says it is time for this administration, this president to come clean. my guest is admirable team of admiral james lyons retired commander of the u.s. pacific fleet. i want to turn to that deadline. tuesday, election day, the eight week anniversary of the attack. no
governor saying he signed an exeutive order waiving a requirement that fuel tankers register and pay taxes before unloading insisting his order we will help get gasoline to consumers faster. it is estimated that two-thirds of gasoline stations in new jersey and new york are not in business right now. however, it is little comfort for people stuck for long hours in lng lines to with no guarantee that they will get gas at the end of that line. but some people, at leassome are beginning to dry....
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Nov 2, 2012
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. >> but they pay sales tax. there's lots of taxes that people pay. >> i'm talking about the federal income tax. >> right. that's right. but how is it that you think we can get this country going again if we don't have more investment like we did in the boom economy after world war ii where the wealthy and corporations were paying a lot more in order to make our country great. i think this nation is ready to return to the kind of greatness that we've seen before. >> we will see on tuesday. thank you so much. >> mary kay, thank you for joining us. >> of course, the big election tuesday. the results could hinge on what side is better able to turn out the vote. chief washington correspondent john harwood is at a phone bank where union members supporting the president are working hard to increase that turnout. this is critical, john. >> reporter: maria, this is the critical effort of this last four days of the election. the candidates are flying around. they're delivering their messages. tv ads are on the air. most a
. >> but they pay sales tax. there's lots of taxes that people pay. >> i'm talking about the federal income tax. >> right. that's right. but how is it that you think we can get this country going again if we don't have more investment like we did in the boom economy after world war ii where the wealthy and corporations were paying a lot more in order to make our country great. i think this nation is ready to return to the kind of greatness that we've seen before. >> we...
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in fact, what they're doing in france to try to make things right is, well, let's take the top tax rate to 75 percent and you have a fne business mind like yourself. what i'm asking to where is the middle ground? what do you do to get this under control? >> obviously we have to get through this election. as the fed has said and as most independent economists say, we have some momentum behind the economy. you know my favorite industry, actually the reason that i am such a big fan of barack obama's the restructuring that he put in place was exactly the right thing. the europeans did not restructure their industry. $65.70%. neil: of baker it was originally sold. it finall went through that plants would be shattered. it would be really a painful bankruptcy, aleit one backed up by the taxpayers. a lot of folks would no have gone along with that. they did ultmately, but te details, the troubles and painful details can later. >> one of the things you know, neil, you remember what it was like in january 2009. no one had ny idea what was happening. all of us in the auto industry were looking at
in fact, what they're doing in france to try to make things right is, well, let's take the top tax rate to 75 percent and you have a fne business mind like yourself. what i'm asking to where is the middle ground? what do you do to get this under control? >> obviously we have to get through this election. as the fed has said and as most independent economists say, we have some momentum behind the economy. you know my favorite industry, actually the reason that i am such a big fan of barack...
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Oct 30, 2012
10/12
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i was getting tax from numerous people losing power as they did throughout the night. so many people here without electricity. and obviously, who knows when they will get that electricity restored. we have seen some utility trucks. as you might have heard, the governor said those guys can't get to work. guys and girls make the repairs, can't get to work until the wind dies down, and tell it is daylight. he knows how long it might take because they're our's serious damages to the power lines to transformers. we may have heard some reporters talking about these blue lights in the sky earlier. we saw a lot of them. as we saw the lead going down, meaning there were losing electricity, we saw this brilliant blue light. we have been told by a few people, from the people, no expert, but those were transformer's popping in creating this blue light effect in the sky. i'm hearing some things flying around behind me. obviously the wind picking up again. some aluminum siding that came off the building a little while ago. we had to duck for cover because we don't want to get hit by
i was getting tax from numerous people losing power as they did throughout the night. so many people here without electricity. and obviously, who knows when they will get that electricity restored. we have seen some utility trucks. as you might have heard, the governor said those guys can't get to work. guys and girls make the repairs, can't get to work until the wind dies down, and tell it is daylight. he knows how long it might take because they're our's serious damages to the power lines to...